Stock Market Overview: Nvidia and Micron Influence Weekly Trends Amid Jobs Report

Oct 3, 2026

AI Summary

U.S. stock markets experienced mixed results last week, with the Dow and S&P 500 declining while the Nasdaq rose slightly. Key factors included a weaker-than-expected jobs report that eased recession fears and strong earnings from Nvidia and Micron, which influenced investor sentiment.

The U.S. stock market ended the week with mixed results; the Dow fell 1.26%, the S&P 500 dropped 0.3%, and the Nasdaq gained 0.45%.
A jobs report showed the U.S. economy added 29,000 jobs in September, with unemployment rising to 4.2%, which was below expectations. This raised the likelihood that the Federal Reserve would maintain interest rates at its upcoming meeting.
Oil prices decreased, providing additional support for stocks, following reports of potential strategic fuel reserve releases by European nations.
Micron reported a significant revenue increase of 379% year-over-year, reaching $54.23 billion, and announced plans for a stock buyback. However, its shares fell 0.7% due to concerns about increased manufacturing capacity impacting memory prices.
Nvidia authorized an additional $150 billion for share repurchases, boosting its total buyback authorization to $235 billion. The company is expected to generate substantial free cash flow, supporting its investment strategy and stock performance, which rose 3.95% over the week.

nvidiamicronstock marketjobs reportportfolio

Stock Market Overview: Nvidia and Micron Influence Weekly Trends Amid Jobs Report

Related Stories

Meta announces new subsea cable project to enhance global data capacity

McKinsey report predicts AI will create more jobs than it displaces, but many workers may need to retrain

Taiwan's Foreign Minister Plans Visit to Arizona for Economic Discussions

Cerebras stock declines sharply amid Nvidia competition and insider share sales